Magnolia, Inc., manufactures bedding sets. The budgeted production is for 27,100 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,760 yards with the desired ending balance of 4,400 yards of material. If the material costs $3.30 per yard, determine the materials budget for the year. $fill in the blank 1